For its 3QFY2024, Sea’s revenue grew 31% y-o-y to US$4.3 billion, while adjusted ebitda grew over 100% y-o-y to US$521 million — above consensus estimates, with all three business segments beating forecasts.
Analysts at DBS Group Research, CGS International and Morningstar Research are upbeat on Sea following the company’s impressive 3QFY2024 ended September, raising their target prices and fair value estimates to US$126 ($169), US$136 and US$109 respectively.
Previously, their target prices and fair value estimates were US$99, US$118 and US$66 respectively.
